Biz Break: Apple, other tech stocks seesaw amid market turmoil

Problem viewing email? View in Web Browser or Visit our website Monday, August 24, 2015 Biz Break  Biz Break: Apple, other tech stocks seesaw amid market turmoil Biz Break: Apple, other tech stocks seesaw amid market turmoil Today: Apple's stock made a comeback Monday after CEO Tim Cook reassured weary investors that business in China is growing strong. Meanwhile, the Dow dropped more than 1,000 points at one point, but recovered somewhat, ending the day down 588 points. Magid: Epson follows Verizon and changes how customers pay for products Verizon and Epson are in very different businesses but both just did the unthinkable by changing the way they charge for their products. Market rout sinks Bay Area stocks, local economy remains strong Stocks erased most of their early losses in mid-day trades on Monday, led by a surge in shares of Apple and Intel that were the leaders for the Dow Jones Industrial Average on a day in which the Dow fell more than 1,000 points in early trading and the Standard & Poor's 500 index slid into correction territory -- Wall Street jargon for a drop of 10 percent or more from a recent peak. Teens are shopping more like their parents: Thriftier Teens are shopping like their parents during the back-to-school season, and that's putting a lot of pressure on retailers to change the way they market to them. Gone are the spending sprees, starting weeks before school bells ring. More teens are thrifty nowadays, a habit picked up from their recession-scarred parents. Country star Brad Paisley teams with Santa Cruz Guitar to create signature model When a country western idol meets with a West Coast luthier, the result is a handmade guitar of exceptional quality. That's what happened when Brad Paisley collaborated with Richard Hoover, founder and chief executive officer of the Santa Cruz Guitar Co., to design an instrument bearing his name. Tesla's Elon Musk, Uber's Travis Kalanick get prime spots on Stephen Colbert's 'Late Show' Stephen Colbert will open big when he begins his run as host of CBS' "The Late Show" on Sept. 8. Pfizer says $15.2B Hospira purchase will close in early September Drugmaker Pfizer says it's received the final regulatory approvals for its $15.23 billion purchase of the injectable drug and infusion device maker Hospira, and says the deal will close in early September. Police: Ashley Madison hack may have led to suicides The hack of the cheating website Ashley Madison has triggered extortion crimes and led to two unconfirmed reports of suicides, Canadian police said Monday. Robot wars: Bay Area giant robot gears up to battle Japanese rival This is not exactly the promised future of robotics, which is increasingly being applied to help humans with manufacturing, health care, humanitarian aid and getting around. But Gui Cavalcanti and Matt Oehrlein, 29-year-old co-founders of Berkeley-based MegaBots Inc., are hoping to fulfill another human desire: ferocious, gladiator-style entertainment. Quinn: Refereeing your tween and their smartphone A year ago, we gave our son a used iPhone on his 12th birthday. It's been 'a challenge,' as parents say these days. That's a euphemism for 'nightmare.' Oakland company breaks ground on $30M battery recycling plant in Nevada Oakland-based AquaMetals has broken ground on a $30-million battery recycling plant in Nevada that federal officials say will be the first of its kind in the world. California egg prices have more than doubled in past year Consumers are shelling out more for a carton of large eggs as benchmark prices in California have gone up by 150 percent in a year. RETURN TO TOP Copyright 2015 San Jose Mercury News, All rights reserved. ABOUT THIS E-MAIL This email is brought to you by the Bay Area News Group, 4 N. Second St., Suite 800, San Jose, CA 95113. You are receiving this email because you have opted in to the program. - If you do NOT want to receive this email in the future, please click to UNSUBSCRIBE.>. - To advertise in this newsletter, click here.